Capital income tax rates vary greatly

Article Abstract:

Capital income tax rates in Canada are uneven and damage productivity, although they compare favorably with capital tax rates of other industrialized nations. In two papers for the the Economic Council of Canada, Michael Daly, Jack Jung, Pierre Mercier, and Thomas Schweitzer compare the Canadian situation to four other industrialized nations and report that there are large variations in marginal income tax rates and that economic growth is impeded by the inconsistencies rather than the amount of tax. Corporate taxes are inconsistent for different industries, types of financing, and kinds of assets. Personal tax rates vary according to the type of investor. In countries such as West Germany, where taxes are the most uniform, economic growth is found to be the greatest.

Industrialized countries, Comparative analysis, Industrial nations

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The benefits of a new tax system

Article Abstract:

Criticism is frequently made of the Canadian tax system for unfair treatment of savings. Two versions of a consumption tax have been proposed in two Economic Council discussion papers as an alternative to the income tax. In the first paper, Denis Gauthier finds that a straight consumption tax would increase the standard of living 7 percent and that the living standard would rise marginally with a wage tax system. In the second paper, Michael Daly and Fadle Naqib propose a tax system based on a combination of the income tax and consumption tax.

Analysis, Consumption taxes

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The games-playing aspect of tax reform

Article Abstract:

Assumptions regarding tax reform can be made based on the games-playing indulged in by bureaucrats, lobbyists, self-interest groups, and the media, according to economics professor Douglas Hartle of the University of Toronto. Self-interest affects the decision-making process and often results in overlooking the most equitable or logical solution. The theory is used to analyze six Canadian tax measures.

Social aspects

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